Bombardier, Inc. Class B (TSE:BBD.B - Get Free Report) had its price objective lowered by equities research analysts at Royal Bank of Canada from C$133.00 to C$130.00 in a research report issued on Wednesday,BayStreet.CA reports. Royal Bank of Canada's price target suggests a potential upside of 39.72% from the company's previous close.
A number of other equities analysts have also recently commented on the stock. CIBC decreased their target price on Bombardier, Inc. Class B from C$132.00 to C$127.00 and set an "outperform" rating on the stock in a research report on Monday, December 23rd. BMO Capital Markets upped their price objective on Bombardier, Inc. Class B from C$129.00 to C$135.00 in a report on Tuesday, January 7th. Scotiabank downgraded Bombardier, Inc. Class B from an "outperform" rating to a "sector perform" rating and set a C$120.00 target price for the company. in a report on Friday, November 1st. TD Securities decreased their price target on shares of Bombardier, Inc. Class B from C$132.00 to C$130.00 in a research note on Friday, November 8th. Finally, National Bankshares raised their price target on shares of Bombardier, Inc. Class B from C$128.00 to C$130.00 in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$116.92.
View Our Latest Stock Analysis on Bombardier, Inc. Class B
Bombardier, Inc. Class B Trading Up 2.0 %
Shares of TSE BBD.B traded up C$1.78 during midday trading on Wednesday, reaching C$93.04. The company's stock had a trading volume of 331,192 shares, compared to its average volume of 408,603. The stock has a 50 day simple moving average of C$98.39 and a 200-day simple moving average of C$95.21. Bombardier, Inc. Class B has a fifty-two week low of C$44.29 and a fifty-two week high of C$113.60. The stock has a market capitalization of C$8.05 billion, a price-to-earnings ratio of 24.10, a PEG ratio of 6.26 and a beta of 2.98.
Insider Buying and Selling
In other news, Senior Officer Barton Wade Demosky sold 5,000 shares of Bombardier, Inc. Class B stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of C$104.33, for a total value of C$521,650.00. Also, Senior Officer Daniel Brennan sold 19,676 shares of the company's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of C$101.17, for a total transaction of C$1,990,650.43. 1.66% of the stock is owned by insiders.
Bombardier, Inc. Class B Company Profile
(
Get Free Report)
Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide.
Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.
Read More
Before you consider Bombardier, Inc. Class B, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bombardier, Inc. Class B wasn't on the list.
While Bombardier, Inc. Class B currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
